Remember to always budget 10-25% (depending on age/condition) extra as a buffer.

I am not saying that to brag, the reason I say it is we all wish we could get into real estate at a younger age - but we are all different and depending on your level of risk, sometimes being patient is not a bad thing as its a marathon not a sprint.  

The inheritance is a good thing to fuel a nest egg or retirement, and the fact that you received it at a relatively young age gives you some really good options for long-term growth through compounding interest. 

As a fairly-newish-to-the-game investor around your age, I appreciate the candor.  

@Bliss Hu,At your age, you’re well ahead of the curve. $300,000 is more than enough to acquire your first property, even in New Jersey.

His teachings suggest a paid off home, $500k in assets, and more than 1 source of income (SS if of that age, real estate, part time job, retirement/pension, etc.).

Some Excel files that my 15yo daughter could have done a better job putting together and when we ask questions we are given the shuffle around, no one … and I mean NO ONE will give us a straight answer … I feel like we have just been sucked into the 2020's version of a new age cult!

I've been getting a card or two a year to increase my limit (indirectly lowers utilization as well if you don't charge it up) - it does hurt the overall credit age though 

And in certain markets like SF bay area if the sewer line is of a certain age its mandatory to replace it before close of escrow its a law.

How were you able to invest in real estate at the age of 16?